US SB1457 | 2009-2010 | 111th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on July 15 2009 - 25% progression, died in chamber
Action: 2009-07-15 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 15 2009 - 25% progression, died in chamber
Action: 2009-07-15 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Text: Latest bill text (Introduced) [PDF]
Summary
Federal Reserve Credit Facility Review Act of 2009 - Authorizes the Comptroller General to conduct reviews and onsite examinations of: (1) any credit facility established by the Federal Reserve Board or any federal reserve bank; and (2) such credit facility's establishment as the lender of last resort (including providing credit under enhancements to traditional lending facilities and credit facilities). Cites the credit facilities to which this Act applies. Grants the Comptroller General access to all records and property of any such credit facility, including its officers, employees, contractors, and other agents and representatives. Sets forth the powers of the Comptroller to implement this Act. Requires the Comptroller General to report to Congress on each review conducted. Terminates such authorization five years after enactment of this Act.
Title
Federal Reserve Credit Facility Review Act of 2009
Sponsors
Sen. Susan Collins [R-ME] | Sen. Benjamin Nelson [D-NE] |
History
Date | Chamber | Action |
---|---|---|
2009-07-15 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Same As/Similar To
HB2424 (Related) 2009-05-14 - Referred to the House Committee on Oversight and Government Reform.
Subjects
Bank accounts, deposits, capital
Business records
Congressional oversight
Credit and credit markets
Federal Reserve System
Financial crises and stabilization
Financial services and investments
Government investigations
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/111th-congress/senate-bill/1457/all-info |
Text | https://www.congress.gov/111/bills/s1457/BILLS-111s1457is.pdf |